The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-04-27

to make the steam driving the machinery.
While there is no special excitement, there Is
lively trade in options on the lands round about
FAIRMoUNT's BIG STRIKE.
Special to the Indianapolis Journal.
PARAMOUNT. April 26.-Yesserday your CORE
spondent claimed the best gas we'll sin this sec
ton of the State To-day. with equal certain
~. we claim to have the best well yet developed
in the State of Indiana. The stockholders met
this morning and refused to accept the well until
the drillers had gone deeper. The work was
commenced at 10 o'clock and by IL o'clock. at a
depth of 965 feet the pressure was so great as
to hold the drill, which weighs some
1.SO0 pounds. st standstlll and
rendered further progress out OF the
question. Heavy sledge-hammers were held in
The current with difficulty it escaped from the
five and fve-eighths-inch cap This afternoon
has been spent in vain efforts to anchor and
pipe the gas from the derrick. At this writing
thirty-ive men are attempting to hold the pipe
in place. while it is being attached to the cap to
no avail. A gentleman from the East, who
is an expert in natural-gas matters, &C.
companied the contractor. Mr. O'Neill. to
this city, last evening, from Marion. To a
bystander he said that this well equaled the
three Marion wells combined. and 2,O0O 900 feet
per day to spare. The daily output he esti-
mated at 100000 feet. This was Yesterday.
The drill has penetrated to a depth of 965 feet
thirty one feet into Trenton rock-since then,
and the pressure and volume increased by half.
so that we can now Justly lay claim to the best
we'll in the State. The escaping gas. on being
lgnlted, makes a beautiful light. aud
no offensive smell is noticeable around the der
rick. The flame is of reddish color and t
times oles an electric light making q most
beautiful illumination. Real estate is still on
the rampage. and there capitalists here in
vestng heavily in farm lands.
COLUMBUS WILL BORE.
Special to the Indianapolis Journal
COLUMBUS, April 6-The Columbus Natural
gas Company has completed its organization.
and filed articles of association to-day. The
capital stock is $4,000, all of which is taken.
A committee will at once visit the gas fields,
and boring will begin as soon as suitable con-
tract can be negotiated. Another COM
pany is being formed with q capital
of $1,000, the greater part of which
is taken. and it is their intention to bore in a
different part of the city. The Trotting Asso-
citation also intend to sink we'll on their
grounds near the city. There is general be-
lief that gas can be found here, and our people,
although little slow in taking hold, are now
determined to test it thoroughly.
DRILLING AT ROCKVILLE.
Special to the indianapolis Journa1.
ROCKVILLE, April 26.-The work Of drilling
for natural gas continues at the rate of fifty TO
one hundred feet per day. Decker & Sons OF
Frankfort, have the contract and have drilled
200 feet. At the depth of 80 feet sandstone was
struck, and then the drill passed through five
foot vein of fine coal. After drilling through
the coal hard potters' clay was entered. Nc
accident has happened during the work, and the
drilling is being rapidly pushed. If gas is not
found at the depth of 1,S00 feet, there is &C
doubt but the company will work the coal vein.
1t will be in the center of the town, and a good
paying mine.
GLAss-woRKs TO GO TO KoKoMo
Kokomo Gazette-Tribune, 18th.
Kokomo's horizon expands and grows brighter
with each passing hour. This morning the owner
of one of the largest window-gass works in the
United States selected ground on which to build
his works. He has chosen ak acres east of and
adjoining the L. E. & W. railroad and immedi
ately north of the Ithca glass-works, which oc
David Macy tract The ground will not cos,
formed by the Macy syndicate. though we are
not positive as to the details Of the matter The
principal poict of interest to our readers is the
fact that we have to-day secured the biggest
plum in the way of factory that we have yet
captured. This industry will pay out $10,0 0C
per month in wages alone will employ 150 hands
and has a capital of $3.50, 000 Two ten-pot fur
naces will be erected at once and the works will
be enlarged in a short time as to employ over
200 hands A new bank is also coming with q
capital of $500. 000 made up partly of home and
partly foreign capital.